Word: backdoors
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...banks the starting value of the CDS contracts when the bonds had fallen significantly in price. Other mortgage-bond insurers at the time were able to strike deals to tear up similar contracts and pay reduced prices. Some called the AIG payments, funded by the government, a backdoor bailout of Wall Street, in particular Goldman Sachs. Also at issue were the moves the Federal Reserve made to cover up the fact that AIG had paid out the contracts at par, which was the contract's full original amount. "Why shouldn't we ask for your resignation as Secretary of Treasury...
...have taken as much of an image hit in the wake of the financial crisis as Goldman Sachs. Once seen as one of the best-run companies in America, in the past year more and more people have come to view Goldman's outsized profits as a product of backdoor dealings and market manipulation. AIG's former CEO Hank Greenberg recently blamed Goldman for bankrupting the insurance company. (Goldman, not surprisingly, does not concur with Greenberg's version of events.) Goldman received $12.9 billion when the government bailed out the insurer. Goldman has also been accused by critics of making...
...education is on fire. He's running up and down a makeshift basketball court in a Kentucky parking lot and has just executed one of those rare flashy moves that also manage to be completely functional: a behind-the-back, no-look pass to a teammate, who cuts backdoor for an easy layup. Moments later, he drains a fadeaway jumper with an opponent dead in his face...
...from a week-long trip to China and tried to enter through his front door, which was damaged. Ogletree said that Gates had forced open the front door with the help of his car driver, who also helped carry Gates' luggage into the home, after first entering through a backdoor and turning off his alarm...
What it does export is invariably shrouded in mystery. Pyongyang exists frozen outside the global economy and raises funds through a host of backdoor activities, including the manufacture of counterfeit money and dissemination of its military secrets and technological capabilities to a whole network of dubious customers. As a consequence of Pyongyang's recent bellicose behavior, a new U.N. resolution passed this June forbids the country from exporting arms and authorizes member states to search North Korean vessels suspected to be carrying them, though they must first seek Pyongyang's legal consent - effectively, a non-starter. Nevertheless, the U.S.S. John...